LG Group Chairman Koo Kwang-mo Embarks on Indonesia Visit to Strengthen Battery Operations

Strategic Insights -

LG Group Chairman Koo Kwang-mo recently visited Indonesia to inspect the group's battery manufacturing and research operations, reinforcing efforts to enhance its competitiveness in the electric vehicle (EV) market despite a temporary slowdown in global demand. During his visit, Koo toured facilities in Jakarta, including the Hyundai LG Indonesia Green Power joint venture, which is Indonesia's first EV battery cell plant with an annual capacity of 10 gigawatt-hours. He emphasized the importance of differentiated competitiveness for LG's batteries and close collaboration with partners to overcome the slowdown in global EV demand growth. The visit highlighted LG's expansion efforts in the Global South, particularly in emerging markets such as India, Indonesia, Latin America, the Middle East, and Africa.

Key Takeaways:

  • LG Group Chairman Koo Kwang-mo visited Indonesia to inspect the group's battery manufacturing and research operations, which is a key pillar in LG's global battery production network.
  • The 320,000 square-meter facility, Hyundai LG Indonesia Green Power, is Indonesia's first EV battery cell plant with an annual capacity of 10 gigawatt-hours.
  • Koo emphasized the importance of securing differentiated competitiveness for LG's batteries through close collaboration with partners.
  • LG has been ramping up efforts to tap into growth opportunities in emerging markets, including India, Indonesia, Latin America, the Middle East, and Africa.
  • Since establishing a local research unit next to the Cibitung plant in 2023, LG Electronics has built an integrated base connecting research, production, and sales operations.
  • LG Electronics' Jakarta sales office is a key hub for discussing customer needs, distribution trends, and competitive dynamics in Southeast Asia.

Statistics:

  • The Hyundai LG Indonesia Green Power joint venture has an annual capacity of 10 gigawatt-hours.
  • The LG Group Chairman's visit to Indonesian facilities took place this month.
  • The LG chief emphasized the importance of differentiated competitiveness for LG's batteries.
  • LG has established a local research unit next to the Cibitung plant since 2023.
  • The Cibitung plant is used as a base for targeting the broader Southeast Asian market.

Sources:

  • Yonhap News Agency, June 2025